Matooke Republic
Sunday, May 11, 2025
  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos
  • Relationships
Matooke Republic
  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos
  • Relationships
No Result
View All Result
Matooke Republic
No Result
View All Result

Nsereko wants BOU to reveal how much it sold Crane Bank to DFCU

Matooke Republic by Matooke Republic
July 15, 2017
in Business, Featured Stories, News
Reading Time: 2 mins read
Share on FacebookShare on Twitter

Kampala Central MP Mohammad Nsereko wants Bank fo Uganda to come out and declare to Ugandans how much it sold the defunct Crane Bank to DFCU Bank.




RELATED POSTS

Man arrested for allegedly killing 18-year-old wife over dispute about cooking supper

Equity Bank Uganda commissions 100 top scholars into transformative leadership program, empowering future change-makers across Africa

Crane Bank went into receivership in October 2016 and was sold to DFCU Bank in January 2017, but the details of the transactions have never been made public.

“We want that sales agreement,” Nsereko said while speaking on a CBS talk show with Meddie Nsereko. 

“It seems DFCU found out that what BOU sold it is not exactly what it received so they are running to drag former owner Sudhir Ruparelia to court to give them Shs400bn he allegedly siphoned out,” Nsereko said.

“The public demands to know. Bank of Uganda must disclose the agreement. It is a public document.”

Already, top BOU officials including governor Tumusiime Mutebile and Director of Supervision Justine Bagyenda have come under public scrutiny with MPs like Nandala Mafabi calling for their arrest over incompetence and possible fraud and corruption.

The MPs are calling for a police and IGG investigation into the matter, saying the officials should be tried in the anti-corruption court.




Related

Tags: BoUCrane BankDFCUMohammad Nsereko
Share1Tweet1Send
Matooke Republic

Matooke Republic

Freshly peeled info from area code 256

Related Posts

UK Supreme Court orders that DFCU, its owners and directors must stand trial in UK for their role in fraudulent acquisition of Crane Bank

by Matooke Republic
1 year ago

...

15 Dfcu staff throw in towel in just one month

by Matooke Republic
1 year ago

...

Lands Registry cancels titles of 48 former Crane Bank branches held by Dfcu, returns them to Sudhir

by Matooke Republic
2 years ago

...

Crane Bank shareholders welcome London Court ruling to hear multi million dollar case against DFCU, vow to fight for justice

by Matooke Republic
2 years ago

...

Sudhir wins London Court of Appeal case to prosecute DFCU Bank over corruption involving BoU officials in $211m Crane Bank Takeover Case

by Matooke Republic
2 years ago

...

Next Post

I paid Shs360m to bring Ghetto Kids to USA --- French Montana reveals more plans for dance group

Everybody told me not to go to Uganda because of mosquitoes --- French Montana reveals

RECOMMENDED

Man arrested for allegedly killing 18-year-old wife over dispute about cooking supper

May 11, 2025
Scholars of the 4th cohort of the Equity Leaders Program and Equity Bank officials pose for a group photo.

Equity Bank Uganda commissions 100 top scholars into transformative leadership program, empowering future change-makers across Africa

May 10, 2025
  • 643 Followers
  • 23.9k Followers

MOST VIEWED

  • Afande Sam Omara.

    Battle-hardened retired police officer Afande Sam Omara is dead

    65 shares
    Share 26 Tweet 16
  • Suspended Police Commander found dead in septic tank at his residence in Kyengera with a rope around his neck

    56 shares
    Share 22 Tweet 14
  • Rajiv Ruparelia’s weeklong wedding on in London  

    86 shares
    Share 34 Tweet 22
  • Tycoon Sudhir Ruparelia gifts son Rajiv a McLaren 765LT Spider valued at about Shs1.7 billion

    87 shares
    Share 35 Tweet 22
  • How to apply for Digital Number Plates for New Vehicle Registrations

    321 shares
    Share 128 Tweet 80
Matooke Republic

Uganda's only free Newspaper. Out every Thursday. Freshly peeled info. kiwatule, Kampala, Uganda.

  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos

© Matooke Republic 2024

© Matooke Republic 2024

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.